There is always a risk when you are thinking of investing in any type of market, whether it is stocks, bonds, other types of securities or real estate. You need to either trust someone else to manage your money for you or accept the challenge yourself and do lots of homework. This challenge becomes even more daunting once you pass that 50-year old mark and begin thinking of retiring. The problem is you cannot keep your money under the mattress. You have to put it somewhere to earn a return. You have worked hard for your money, now you need your money to work for you.
No matter what the economy, you will find plenty of real estate gurus out there telling you now is the time to invest in property. It will only appreciate in value and you do get lots of write offs with depreciation, maintenance expenses and leverage. If you are not yet retired, you may be able to add real estate to your retirement portfolio. So the question remains, is it still a good investment if you are over 50. There are so many variables to the question – there is no simple answer.
So much of how and when you invest in different investments depends on where the economy is at the time you are thinking to make a move. Timing is everything and needs to be taken into consideration. If you determine real estate is where you can benefit the most, you then need to determine things like: what kind of investment property, will you have a property manager, can you qualify for mortgages and what is your exit strategy. If you decide you have plenty of time left as an older adult since we all are living longer, you should go for it. There is plenty of help available to get you through the rough spots.
By Jerry Mohr for the 50 Plus Report